Eaton Vance Correlations

EAGIX Fund

USD 8.50 0.01 0.12%

The current 90-days correlation between Eaton Vance Core and Clearbridge Energy Mlp is -0.04 (i.e., Good diversification). The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Eaton Vance Correlation With Market

Good diversification

The correlation between Eaton Vance Core and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Core and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Core. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Eaton Mutual Fund

0.66	EMOCX	Eaton Vance Municipal	Pair Corr
0.62	EMOAX	Eaton Vance Municipal	Pair Corr
0.64	EMOIX	Eaton Vance Municipal	Pair Corr
0.64	ENYIX	Eaton Vance New	Pair Corr
0.96	ERGOX	Eaton Vance Government	Pair Corr
0.74	ERHSX	Eaton Vance Worldwide	Pair Corr
0.8	ERISX	Parametric Intl Equity	Pair Corr
0.97	ERSIX	Eaton Vance Short	Pair Corr
0.66	EACOX	Eaton Vance Global	Pair Corr
0.83	EABSX	Eaton Vance Tabs	Pair Corr

Moving against Eaton Mutual Fund

0.53	ERASX	Eaton Vance Atlanta	Pair Corr
0.52	ERBIX	Eaton Vance Richard	Pair Corr
0.52	ERBAX	Eaton Vance Richard	Pair Corr
0.51	ERBCX	Eaton Vance Richard	Pair Corr
0.5	ERAMX	Eaton Vance Multi	Pair Corr
0.47	ERIFX	Eaton Vance Balanced	Pair Corr
0.35	ERGMX	Eaton Vance Global	Pair Corr
0.7	EACPX	Eaton Vance Tax	Pair Corr
0.66	EABLX	Eaton Vance Floating	Pair Corr
0.65	ERSTX	Eaton Vance Large	Pair Corr
0.64	ERLVX	Eaton Vance Large	Pair Corr
0.61	EADOX	Eaton Vance Emerging	Pair Corr
0.59	ERSGX	Eaton Vance Small	Pair Corr
0.56	ERSMX	Eaton Vance Atlanta	Pair Corr
0.53	EAASX	Eaton Vance Atlanta	Pair Corr
0.47	EAAMX	Eaton Vance Multi	Pair Corr
0.74	EAFGX	Eaton Vance Focused	Pair Corr
0.71	EALCX	Eaton Vance Growth	Pair Corr
0.65	EAEAX	Eaton Vance Tax	Pair Corr
0.65	EAFAX	Eaton Vance Floating	Pair Corr
0.64	EAERX	Eaton Vance Stock	Pair Corr
0.62	EAFVX	Eaton Vance Val	Pair Corr

Related Correlations Analysis

	XEMOX	GMOWX	CGAEX	DLDCX	ALEFX	HNRGX
XEMOX		-0.29	-0.28	0.56	0.95	0.79	XEMOX
GMOWX	-0.29		0.71	0.57	-0.32	0.25	GMOWX
CGAEX	-0.28	0.71		0.42	-0.22	0.0	CGAEX
DLDCX	0.56	0.57	0.42		0.54	0.87	DLDCX
ALEFX	0.95	-0.32	-0.22	0.54		0.73	ALEFX
HNRGX	0.79	0.25	0.0	0.87	0.73		HNRGX
	XEMOX	GMOWX	CGAEX	DLDCX	ALEFX	HNRGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ALEFX	+ 0.95	XEMOX
HNRGX	+ 0.87	DLDCX
HNRGX	+ 0.79	XEMOX
HNRGX	+ 0.73	ALEFX
CGAEX	+ 0.71	GMOWX
DLDCX	+ 0.57	GMOWX

High negative correlations

ALEFX	- 0.32	GMOWX
GMOWX	- 0.29	XEMOX
CGAEX	- 0.28	XEMOX
ALEFX	- 0.22	CGAEX
HNRGX	- 0.0	CGAEX

Risk-Adjusted Indicators

There is a big difference between Eaton Mutual Fund performing well and Eaton Vance Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eaton Vance's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XEMOX	0.72	0.17	0.10	2.91	0.62	(0.83)	1.62	(1.31)	4.31
GMOWX	1.11	(0.08)	0.00	0.68	0.00	0.00	1.88	(2.79)	7.69
CGAEX	0.77	(0.04)	0.00	0.54	0.00	0.00	1.56	(1.90)	4.71
DLDCX	0.94	0.04	(0.04)	(0.43)	1.33	(0.92)	2.08	(2.05)	6.37
ALEFX	0.60	0.22	0.28	0.60	0.00	(0.80)	1.31	(0.74)	3.08
HNRGX	0.93	0.08	0.00	5.00	1.12	(0.97)	1.84	(2.14)	5.32

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